Shanghai's new pension payment policy 202 1

Legal analysis: if certain conditions are met, the pension can be paid in one lump sum, specifically: if the retirement age is reached and the pension payment period is less than fifteen years, the pension can be paid in one lump sum for fifteen years. After the payment period has reached fifteen years and the retirement formalities have been completed, you can enjoy the old-age insurance benefits according to law. Set up social insurance agencies in the overall planning area. According to the needs of the work, with the approval of the local social insurance administrative department and the organization management organ, the social insurance agency may set up branches and service outlets in this overall planning area.

The personnel expenses of social insurance agencies and the basic operating expenses and management expenses incurred in handling social insurance shall be guaranteed by the finance at the same level in accordance with state regulations. If social security is paid within 6 months from the initial to the payment formalities, the unit can directly operate the employees to pay on the social insurance self-service platform; For more than 6 months, the unit needs to bring the unit social insurance payment card and provide relevant information to the social security related outlets.

Legal basis: Article 16 of the Social Insurance Law of People's Republic of China (PRC). Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.